Bill Text For HB1359 - Introduced

 1|                          STATE OF OKLAHOMA                            |
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 2|             1st Session of the 57th Legislature (2019)                |
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 3|HOUSE BILL 1359                      By: Hasenbeck and McBride         |
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 6|                            AS INTRODUCED                              |
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 7|       An Act relating to income tax; creating tax credit              |
  |       for certain classroom expenses of a teacher; limiting           |
 8|       credit; defining terms; providing that credit is not            |
  |       refundable; providing for codification; and providing           |
 9|       an effective date.                                              |
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12|BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:                  |
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13|    SECTION 1.     NEW LAW     A new section of law to be codified     |
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14|in the Oklahoma Statutes as Section 2357.90 of Title 68, unless        |
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15|there is created a duplication in numbering, reads as follows:         |
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16|    A.  For tax years beginning after December 31, 2018, there shall   |
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17|be allowed as a credit against the tax imposed by Section 2355 of      |
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18|Title 68 of the Oklahoma Statutes for the amount incurred in the       |
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19|corresponding tax year for unreimbursed classroom expenses up to       |
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20|Five Hundred Dollars ($500.00) for any individual employed as a        |
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21|teacher in a public school during that tax year.                       |
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22|    B.  As used in this section:                                       |
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23|    1.  "Classroom expenses" means amounts paid or incurred for        |
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24|participation in professional development courses, books, supplies,    |
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   Req. No. 6801                                                   Page 1
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 1|computer equipment or related software, other equipment and            |
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 2|supplementary materials that are used in the classroom.  For courses   |
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 3|in physical education, the expenses for supplies must be for           |
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 4|athletic supplies; and                                                 |
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 5|    2.  "Teacher" means a person defined as a teacher in Section       |
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 6|1-116 of Title 70 of the Oklahoma Statutes, except the position of     |
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 7|superintendent.                                                        |
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 8|    C.  The amount of the credit authorized by this section shall      |
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 9|not exceed the amount of any tax liability of the taxpayer.            |
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10|    SECTION 2.  This act shall become effective November 1, 2019.      |
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12|    57-1-6801      MB     12/31/18                                     |
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   Req. No. 6801                                                   Page 2
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